Declaring a holiday home

[davep]

I Irish Times of 25/4/2017 there is an article on the overseas assets and the tax implications. Holiday homes are mentioned but states that if "The holiday home bought with money on which you already paid tax is a entirely valid investment. If you are not renting it out, you have no problem.
My question is, if a holiday home or apartment was bought with taxed money and is not being rented out, Should I register the interest or will it just create a layer of unnecessary bureaucracy?

 

[sunnydonkey]

The tax form asks two relevant questions;

- income received from foreign rents
- chargeable assets acquired in the past year

Personally, I would be comfortable to answer truthfully in the negative in both cases.